Is Cambridge, ME 04923 a buyer’s or seller’s market?
Cambridge is a seller’s market. With about 1.6 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Cambridge housing market right now
In the three months ending August 31, 2026, 0% of homes in Cambridge, ME 04923 sold above their list price, the typical home went under contract in 249 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (77 days then) and the median sale price fell 19% to $154,433. Overall, Cambridge is less competitive than a year ago, which gives buyers more room.
Within Somerset County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Athens 04912 (75% sold over asking) and Saint Albans 04971 (43% sold over asking) are even more competitive.
Run the numbers for 04923
Nearby markets
Anson 04911Balanced $211 /sq ftAthens 04912Balanced $235 /sq ftBingham 04920Buyer’s market $138 /sq ftCanaan 04924Seller’s market $243 /sq ft Browse all markets →Where Cambridge is
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Questions about Cambridge real estate
Is Cambridge a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Cambridge, ME 04923 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Cambridge?
The typical home went under contract in 249 days in the latest three months.
Do homes in Cambridge sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 80.8% of the list price.
What are property taxes in Cambridge?
About 1.08% of a home’s value a year in Somerset County, or roughly $4,320 on a $400,000 home.
What is the median home price in Cambridge?
The median sale price was $154,433 in the three months ending August 31, 2026, about $71 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology